You're welcome. Sorry I couldn't come up with a better answer for you. I
guess Money -- again -- just won't work the way we want it to or think it
should.

Susan

<Therms[at]gmail.com> wrote in message
news:1128310739.353988.245470[at]o13g2000cwo.googlegroups.com...
- quote -

harrelsonesq wrote:
- quote -

Yeah, the problem with that is that I want to be able to fire off a
report from Money to give to the bank, but the expenses from my
Business Checking would include too much detail. Or at least more
detail than I want to give to the bank. For example if I transfer 2000
dollars to my Business Checking account I may have a dozen payments or
more that that 2000 dollars is actually covering. In fact I may
actually have more than 2000 dollars that show up for that
Category/Classification1/Classification2 because I just transfer money
when I need it to cover expenses. Since I have other sources of
business income I don't always need to withdraw from the loan account
100% of the money I've actually spent for that Category/Class1/Class2.

- quote -

I was thinking that was the way I'd end up having to do it. Just
wondering if I was going about it all wrong. Thanks for the input.

The part of the transfer that is disbursed from your Business Checking
account should show up as expense items from that account. Customize the
report to include both accounts.

For the amounts you keep, you might have to enter an expense transaction and
a corresponding income transaction. Actually, if you did that for both kinds
of expenses, and just didn't use "transfer" at all, it would all show up for
the one account. It's pretty much the same problem as the guy with the
cashed-out 401(k) & mine with the inherited IRA disbursements. Money just
won't do transactions that are both transfers and expense, or transfers and
income. That's just the way Money works.

Or am I missing something about your description?

Susan

<Therms[at]gmail.com> wrote in message
news:1128288032.510446.63090[at]g43g2000cwa.googlegroups.com...
- quote -

Sorry, forgot to include that I'm running Money 2k6 Small Business

I'm a small builder of residential homes and I'm looking for some tips
on how to set up the following scenario.

I build mostly homes on spec, meaning that I get a construction loan
from the bank to build a home and then once the home sells I pay back
the loan and pocket the difference.

Let's say I'm borrowing $100,000 to build a home. The process goes
something like this:

Thee bank gives me 1/4 of the total at a time. They set up a checking
account specifically for this purpose which would be in addition to my
regular business checking. I pay subs, vendors, and myself out of that
1/4 until I've used it up and then the bank gives me the next 1/4.

My current system in Money works like this:

I set up a credit card account and use it as the construction loan
account. To maintain a semi-accurate net-worth picture I also set up
an asset account representing the house under construction and update
it's value as the project progresses.

I then set up a checking account representing the "special" checking
account the bank opens for me that contains the 1/4 of the loan amount.
I write checks to subs and vendors out of this account as the bank
requires me to do because the checks they provide have lien waivers on
the back that the sub/vendor signs when they endorse the check.

I write checks to myself and deposit them in my regular business
checking account to cover payroll and my own salary.

There are several issues with this system, but the one I'm currently
struggling to wrap my mind around is that if I transfer to my business
checking, transfers aren't included in reports. For example, if I
create a report based on my two custom classifications (Project and
Phase) transfer transactions out of the "special" checking account to
my business checking account are not included...even if i select
"Include transfers (or whatever it's called)" in the report
customization dialog. I need to report on all transfers out of this
"special" checking account because the bank needs a detailed accounting
of all expenditures before they'll release the next 1/4 of the loan
amount.

Am I going about this all wrong or do I just need to tweak my system a
bit? Suggestions?